panel overview
On Friday, A-Shares fluctuated widely, the trend was differentiated, the Shanghai index rebounded slightly, and the gem continued to adjust. On the disk, fertilizer, precious metals, engineering construction, cement and building materials, engineering machinery, real estate, steel, tourism and hotels, chemical raw materials, pesticides and veterinary drugs, securities, coal and other industries led the increase; Traditional Chinese medicine, medical treatment, chemical pharmacy, education, agriculture, animal husbandry, feeding and fishing, cultural media, shipping, games, pharmaceutical commerce, food and beverage and other industries led the decline. In terms of subject matter stocks, phosphorus chemical industry, civil explosion concept, glyphosate, sponge City, assembly building, underground pipe network, core concept, building energy conservation and so on were among the top gainers; Chicken concept, virtual digital human, pinduoduo concept, Helicobacter pylori concept, prefabricated vegetable concept, aquaculture, digital reading, NFT concept, super fungi and vocational education fell by more than 2%.
message surface
new energy industry has high prosperity, and many companies increased significantly in the first quarter
On April 7, more than 20 listed companies intensively disclosed the performance forecast for the first quarter of 2022. Looking at the companies with large pre increase in performance, it can be seen that the prosperity of new energy and coal chemical industry is very high.
annual report reveals that securities companies have heavy positions! Increase insurance and coal holdings, reduce positions of steel and nonferrous metals
According to the data, as of April 7, among the listed companies that have disclosed the annual report of 2021, securities companies have appeared among the top 10 circulating shareholders of 140 companies. In the fourth quarter of 2021, securities companies increased their holdings in insurance, warehousing and coal stocks. At the same time, nonferrous metals and steel stocks were reduced by securities companies.
major equity investment of insurance funds to be tightened: it is required to prudently carry out new “prohibited situations”
The reporter learned that the regulation plans to tighten the major equity investment behavior of insurance institutions, and the relevant new regulations are under study. According to people familiar with the matter, the main change in regulatory thinking is to require “insurance institutions to clarify their long-term development positioning and strategy, focus on service insurance guarantee, prudently carry out major equity investment, and prevent blind diversification and diversified expansion.”
Jufeng viewpoint
Pre session judgment: European and American stock markets generally rose overnight. The market is digesting the impact of the Fed’s interest rate hike and table contraction. A shares have responded in advance on Thursday and are expected to rebound slightly on Friday. At present, science and technology stocks are the leading factor in the continuous adjustment of a shares. Before the decline of science and technology stocks stops, A-Shares are difficult to get out of the consolidation, and the rebound opportunities of science and technology stocks can be arranged in small positions.
In early trading, the three indexes opened slightly higher, and chemical fertilizer, cement, engineering construction and construction machinery set off a rising tide of limit; Traditional Chinese medicine, agriculture, animal husbandry, feeding and fishery, education, cultural media, medical treatment, real estate and other sectors weakened. One hour after the opening, the growth enterprise market stopped falling and rebounded, the national infrastructure holding sector rose, and lithium batteries, semiconductors, chips and consumer electronics rebounded. Under the weight of Contemporary Amperex Technology Co.Limited(300750) and other factors, the growth enterprise market index rose rapidly by 2%, turned red and rose by 1%. Near midday, the stock index fell.
In the afternoon, real estate, securities, insurance, banking, iron and steel, engineering construction, engineering machinery, tourism and hotels and other sectors rose successively, and the real estate sector saw a rise in the limit, Guosheng Financial Holding Inc(002670) , Qilu Bank Co.Ltd(601665) and other small cap financial stocks rose strongly, and the Shanghai index rose beyond the gem index. From today’s disk, the theme of steady growth has spread from real estate, cement building materials and engineering construction to engineering machinery and other sectors.
Although the stock index rebounded in the afternoon, track stocks fell and the short-term rebound died. The hope of stopping the decline of A-Shares is still on technology stocks and track stocks. Relying on defensive sectors such as banking, real estate, coal and steel, the Shanghai stock index is pushed up. The market has a poor profit-making effect. It is easy to earn the index without making money. Therefore, the willingness of off-site funds to enter the market is low
investment suggestions: at present, the main factors that suppress the sentiment of A-share investors have changed, from the situation in Ukraine and the Fed’s interest rate hike to the epidemic situation in China and the slowdown of economic growth. The steady expectation and steady growth policy will accelerate the construction of the market bottom. The deployment of the national standing committee to make timely use of monetary policy tools and the establishment of the financial stability guarantee fund by the central bank will provide strong support for A-Shares it is suggested to focus on three main lines: first, companies whose quarterly growth exceeds expectations; Second, new and old infrastructure benefiting from steady growth; Third, aviation, airport, tourism and other sectors facing the inflection point in the post epidemic era. For some of the sectors that have risen sharply, the short-term can be cashed at high prices.
